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201106794
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Last modified
9/14/2011 8:50:01 AM
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9/14/2011 8:50:00 AM
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DEEDS
Inst Number
201106794
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2Q��06794 <br />sentences sha11 not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Property (including, but not limited to, hazardous substances in consumer products). <br />Bonower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other <br />action by any governmental or regulatory agency or private party involving the Property and any Hazardous <br />Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental <br />Condirion, including but not limited to, any spilling, leaking, discharge, release or threat of release of any <br />Hazardous 5ubstance, and (c) any condition caused by the presence, use or release of a Hazardous Substance <br />which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance <br />affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in <br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />Non-Uniform Covenants. Borrower and Lender covenant and agre,e as follows: <br />22. Acceleration; Remedies. Lender shall give notice to �orrower prior to acceleration following <br />Basrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceieration under Section 18 unless Apglicable Law provides otherwise). T6e notice shall specify: (a) <br />the default; (b) the aetion reqvired to cure the default; (c) a date, not less than 30 days from the date <br />the natice is given to Borrower, by wluch the default must be eured; and (d) that failure to cure the <br />default on or before the date specif�eel in t.�e notice may result iei �$ration of the sums secured by <br />tieis Sect�rity Inst�et�nent a�d s�Ie of t�e Paoperty. T6e notiiice si�a�l fr�rt�er inform Borrower of �hhe <br />tzg�t to re�nst�te ai�er ac�tso� a�i � right � bri� a¢ourt action to assert the non-e�stence of a <br />defar�it a�r �y other dege�e eff �saow�r to �cel�tio8 asd �►Ie. I� tbe �fau3t is not cured on or <br />b�Fore ttse d$te speci�ied �n �te gotire, Lender �t its option �y reg�tipe imffiet�i�te payment in full of <br />ati s�t� see�red� by tt�c Sec�ri�y I��e.�t wit6out f�rther de�a��l and may invoke the power of sate <br />aud �y ot�►►er remedies by Agglic�ble Law. Lender shall be eutit�ed to collect all expe�ses <br />inc�rred in gnrsuiag t&� remeaiies prnvid� in this SecEion 22, iseludyng, but not Wnited to, reasonable <br />attomeys' fee,s �nci costs of title evicience. <br />If the power Qf sa�e is invoked, Tr�stee shall record a notice of default in eaeh county ir� which any <br />part of tfie Property is t�ated �ad sttali mail copie.s of sucb notice in the manner grescribed by <br />Applic��tc I.aw to Borrower and � the other persons gaescrii� by Applicable Law. After the time <br />required by Apglicahle Lave, Tru�tee shall gi�e public uotice of sale to the persons and in the manner <br />pr�cribed by Appticable Law. Trustee, without demand on Borcower, sha11 seIl the Property at public <br />auction to the Wghest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by gublic announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced <br />conveying the Property. The r�itals in the Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Trustce shall apply the proceeds of the sale in the following order: (a) to <br />all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fces as �rmitted by Applicable Law; (b) to <br />all sums s�ured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP � VMPBWE) (1105) <br />Wolters Kluwer Financial Services Page 14 of 17 <br />
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